Month: June 2019

Pursuant to the option agreement dated September 25, 2018 and amended March 22, 2019 comprising the Qualifying Transaction, the Corporation has acquired from the Seller an option to acquire a 100% undivided interest in two mining claims located in the municipality of Yecora, Sonora, Mexico, for a four-year period. The Property consists of two contiguous claims covering an aggregate area of approximately 345 hectares is located approximately 250 kilometers east-southeast along the Federal Highway 16 from the state capital, Hermosillo.

“Hecla has a strong commitment to operate within cash flow as demonstrated by the positive free cash flow over the past 3 years and longer,” said Phillips S. Baker, Jr., President and CEO. “However, the Nevada operations have not generated the cash flow we had hoped for so we are curtailing most development and reducing the workforce with the goal of the operation generating positive cash flow in the second half of the year. We still see lots of opportunities to improve costs, manage water, improve recoveries and explore but only plan to do it within cash flow.”

Candente Gold Corp. is pleased to announce the appointment of Mr. Matthew Melnyk, as Director of the Company. Mr. Melnyk has been involved in exploration successes throughout Latin America since 2003.

Aura Resources Inc. announces that, pursuant to its Stock Option Plan, it has granted stock options to directors, officers and a consultant of the Company to purchase an aggregate 1,200,000 common shares in the capital of the Company at an exercise price of $0.05 per share which expire on June 4, 2024.

Inomin Mines Inc. is pleased to announce the appointment of John Peters to the Board of Directors, and Victor Jaramillo as an Advisor to the Company.

Riverside Resources Inc. is pleased to announce the hiring of Alberto Orozco, who has taken a VP Corporate Development position with the Company. Mr. Orozco is based in Hermosillo, Sonora, Mexico with Riverside’s Mexico headquarters where he is able to lead the Riverside Mexico mineral exploration team with a focus on the Company’s on-going work and new developments to accelerate the Company’s corporate growth plans. Alberto will also lend his support towards the new exploration funding agreement with BHP announced in mid-May 2019.